Urban Initiatives For Development
- Assets
- $149.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 8
- Location
- Salem, OR
- Founding
- 02/2012
- Data as of
- 09/2023
- EIN
- 27-1239384
Organization Overview
Urban Initiatives For Development is located in Salem, OR. The organization was established in 2012. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 09/2023, Urban Initiatives For Development employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Urban Initiatives For Development is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2023, Urban Initiatives For Development generated $155.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.4%) each year. All expenses for the organization totaled $155.9k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (8.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
UID ENDEAVORS TO EMPOWER THE POOR BY OFFERING TRAINING IN SKILLS AND VOCATIONS THAT WOULD HELP TRANSFORM THE COMMUNITY AT LARGE. THE FOCUS IS LIVING IN THE SAME NEIGHBORHOODS WHERE WE WORK, AT A LOWER ECONOMIC LEVEL, SO AS TO BEST UNDERSTAND THE COMMUNITIES WE ARE WORKING WITH.
Describe the Organization's Program Activity:
Part 3
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paige Young Managing Director | 3.25 | $2,640 | |
Chris Rattay President | 1 | $0 | |
William Glad Secretary/treasurer | 1 | $0 | |
David Bosley Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $155,935 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $155,935 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $107,303 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $3,808 |
| Printing, publications, postage, and shipping | $628 |
| Other expenses | $44,123 |
| Total expenses | $155,862 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $117,720 |
| Other assets | $0 |
| Total assets | $149,866 |
| Total liabilities | $13,145 |
| Net assets or fund balances | $136,721 |